CCL Industries Forms Joint Venture Label Business in Russia

    Stock Symbol: TSX - CCL.A and CCL.B

    TORONTO, Jan. 2 /CNW/ - CCL Industries Inc., a world leader in specialty
packaging and labelling solutions for the consumer products and healthcare
markets, announced today that it has created a newly named label company,
CCL-Kontur, that will service the territories of Russia and other CIS
    The new company is jointly owned by CCL Label and Ilgar Mamedov, a
well-known entrepreneur in the Russian label industry. Mr. Mamedov has
contributed the assets of two label businesses into the new company: Kontur
Plus based in a new state-of-the-art facility in Moscow, and Asterix, based in
St. Petersburg. CCL-Kontur had sales of approximately $26 million in 2007. CCL
is investing approximately $16 million to acquire a 50% interest in these
assets and to provide funding for additional capacity related investments.
    Commenting on the announcement, Geoffrey Martin, President and Chief
Operating Officer of CCL Industries said, "We have known Mr. Mamedov and his
management team for some time and have high regard for them and their
knowledge of both the Russian label industry and the business climate of the
country in general. We consider them excellent partners to introduce CCL Label
products and technologies into one of the fastest growing markets in the
    Mr. Mamedov added, "CCL-Kontur is well placed to supply the existing
global customers CCL Label does business with, many of whom are actively
involved in the Russian consumer products market. We are also delighted to
have access to the know-how of the largest label company in the world."
    Donald Lang, Vice-Chairman and CEO of CCL Industries said, "Russia is
another important step in establishing a global footprint for our company. We
are very fortunate to have found such a good partner who has a proven track
record in other successful joint ventures and distribution businesses with
both North American and European companies and we are excited about our future
growth prospects together."

    With headquarters in Toronto, Canada, CCL Industries employs
approximately 5,200 people and now operates 51 production facilities in North
America, Europe, Latin America and Asia. CCL manufactures pressure sensitive,
shrink-sleeve and in mould labels, aluminium containers and plastic tubes for
leading global companies in the home and personal care, healthcare and
specialty food and beverage markets.

    Statements contained in this Press Release, other than statements of
historical facts, are forward-looking statements subject to a number of
uncertainties that could cause actual events or results to differ materially
from some statements made.

For further information:

For further information: Steve Lancaster, Executive Vice President and
Chief Financial Officer, (416) 756-8517; For more details on CCL, visit our
web site -

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890